Italgas Future Growth

Future criteria checks 2/6

Italgas is forecast to grow earnings and revenue by 13.4% and 5% per annum respectively. EPS is expected to grow by 6.3% per annum. Return on equity is forecast to be 18.7% in 3 years.

Key information

13.4%

Earnings growth rate

6.3%

EPS growth rate

Gas Utilities earnings growth	0.03%
Revenue growth rate	5.0%
Future return on equity	18.7%
Analyst coverage	Good
Last updated	01 Nov 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

LSE:0RK1 - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	2,378	617	238	N/A	9
12/31/2025	2,081	514	-813	N/A	10
12/31/2024	1,800	470	254	N/A	11
9/30/2024	2,542	477	N/A	N/A	N/A
6/30/2024	2,520	461	-70	776	N/A
3/31/2024	2,564	454	N/A	N/A	N/A
12/31/2023	2,613	440	-268	573	N/A
9/30/2023	2,518	438	N/A	N/A	N/A
6/30/2023	2,477	432	-83	410	N/A
3/31/2023	2,361	422	N/A	N/A	N/A
12/31/2022	2,248	407	64	548	N/A
9/30/2022	2,139	378	-48	697	N/A
6/30/2022	2,143	380	-17	751	N/A
3/31/2022	2,155	375	-66	725	N/A
12/31/2021	2,135	363	20	840	N/A
9/30/2021	2,126	409	N/A	N/A	N/A
6/30/2021	2,169	402	121	914	N/A
3/31/2021	2,105	389	N/A	N/A	N/A
12/31/2020	2,097	385	28	762	N/A
9/30/2020	1,915	401	N/A	N/A	N/A
6/30/2020	1,962	405	-161	606	N/A
3/31/2020	1,861	406	255	1,444	N/A
12/31/2019	1,855	417	26	725	N/A
9/30/2019	1,648	350	N/A	N/A	N/A
6/30/2019	1,678	329	62	623	N/A
3/31/2019	1,643	325	N/A	N/A	N/A
12/31/2018	1,615	314	254	750	N/A
9/30/2018	1,648	306	N/A	N/A	N/A
6/30/2018	1,608	304	N/A	866	N/A
3/31/2018	1,591	296	N/A	527	N/A
12/31/2017	1,601	293	N/A	547	N/A
6/30/2017	606	-98	N/A	-42	N/A
3/31/2017	423	-108	N/A	52	N/A
12/31/2016	467	-124	N/A	-78	N/A
6/30/2016	1,385	290	N/A	546	N/A
3/31/2016	1,391	315	N/A	532	N/A
12/31/2015	1,397	340	N/A	517	N/A
12/31/2014	1,333	406	N/A	514	N/A
12/31/2013	1,319	301	N/A	415	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 0RK1's forecast earnings growth (13.4% per year) is above the savings rate (2.1%).

Earnings vs Market: 0RK1's earnings (13.4% per year) are forecast to grow slower than the UK market (14.6% per year).

High Growth Earnings: 0RK1's earnings are forecast to grow, but not significantly.

Revenue vs Market: 0RK1's revenue (5% per year) is forecast to grow faster than the UK market (3.5% per year).

High Growth Revenue: 0RK1's revenue (5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 0RK1's Return on Equity is forecast to be low in 3 years time (18.7%).

Italgas Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Recent updates

Third quarter 2024 earnings released

Second quarter 2024 earnings released

Italgas S.p.A. to Report First Half, 2024 Results on Jul 24, 2024

Italgas Begins Exclusive Talks to Buy 2i Rete Gas

First quarter 2024 earnings released

Upcoming dividend of €0.35 per share

Dividend increased to €0.35

Full year 2023 earnings released

Italgas S.p.A. to Report Nine Months, 2024 Results on Oct 24, 2024

Third quarter 2023 earnings released

Italgas S.p.A. (BIT:IG) completed the acquisition of Acqua S.r.l., Idrolatina S.r.l., and Acqua Campania S.p.A from Veolia Environnement SA (ENXTPA:VIE).

Second quarter 2023 earnings released

Italgas S.p.A. (BIT:IG) signed a purchase agreement to acquire Acqua S.r.l., Idrolatina S.r.l., and Acqua Campania S.p.A from Veolia Environnement SA (ENXTPA:VIE) for approximately €115 million.

Upcoming dividend of €0.32 per share at 5.3% yield

First quarter 2023 earnings released

Italgas to Merge 3 Greek Companies Owned by Depa Infrastructure

Full year 2022 earnings released

Italgas S.p.A., Annual General Meeting, Apr 20, 2023

Italgas S.p.A. to Report Q1, 2023 Results on May 04, 2023

Phaeton S.A. acquired 10% stake in Italgas Newco S.r.l from Italgas S.p.A. (BIT:IG) for €40 million.

Third quarter 2022 earnings released

Less than half of directors are independent

Third quarter 2022 earnings released

Italgas S.p.A. (BIT:IG) acquired 49% stake in Gas Distribution Company Thessaloniki - Thessalia S.A. from Eni Gas e Luce S.p.A.

Italgas S.p.A. (BIT:IG) completed the acquisitions of DEPA Infrastructure SA from Hellenic Petroleum S.A. (ATSE:ELPE) and Hellenic Republic Asset Development Fund S.A.

Now 20% undervalued after recent price drop

Italgas S.p.A. (BIT:IG) entered to an agreement to acquire LPG distribution and sales business from Fiamma 2000 Spa for € 31.7 million.

Second quarter 2022 earnings released

Now 20% undervalued after recent price drop

Now 22% undervalued after recent price drop

Upcoming dividend of €0.29 per share

First quarter 2022 earnings released

Insufficient new directors

Full year 2021 earnings: Revenues in line with analyst expectations

Italgas S.p.A. (BIT:IG) acquired an unknown minority stake in Picarro Inc. for $15 million.

Italgas S.p.A., Annual General Meeting, Apr 26, 2022

Third quarter 2021 earnings released: EPS €0.12

Italgas Names Preferred Bidder for DEPA

Italgas Reportedly Outbids EP Investment for Depa Infrastructure

Second quarter 2021 earnings released

Italgas S.p.A. (BIT:IG) completed the acquisition of Isgastrentatre SPA from Consorzio Fra Cooperative Di Produzione E Lavoro.

Italgas to Bid for Greece's DEPA Alone

Upcoming dividend of €0.28 per share

Full year 2020 earnings released: EPS €0.47 (vs €0.52 in FY 2019)

Full year 2020 earnings released

Revenue beats expectations

New 90-day low: €4.93

Italgas S.p.A. to Report Fiscal Year 2020 Results on Apr 14, 2021

Italgas S.p.A., Annual General Meeting, Apr 14, 2021

Third quarter earnings released

New 90-day low: €4.80

New 90-day low: €5.04

Italgas S.p.A. to Report Q3, 2020 Results on Oct 29, 2020

Italgas S.p.A. (BIT:IG) acquired 15% stake in Reti Distribuzione Srl from Azienda Energia E Gas Soc Coop for €4.6 million.

First half earnings released

New 90-day high - €5.45

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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